Offshore Drilling Ban Not Needed In Canada: Report

Law360, New York (August 19, 2010, 4:46 PM EDT) -- Canada's regulatory controls for offshore oil and natural gas drilling are sufficient to prevent an environmental disaster akin to BP PLC's Deepwater Horizon debacle, but Canadian liability caps are "woefully inadequate," according to a parliamentary report.

The Canadian Senate's Committee on Energy, the Environment and Natural Resources said in a report released Wednesday that it was "comfortable" with the country's regulatory status quo, determining that the regulatory framework governing drilling activities off the world's longest coastline is "modern, up-to-date, and among the most efficient and stringent...
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